Smurfit Westrock Reports Fourth Quarter and Full Year 2024 Results

Brook + Whittle is excited to announce the acquisition of PouchIt, a flexible packaging manufacturer based in Atlanta, Georgia. Specializing in short run stand up pouches, layflat pouches, and roll stock film, PouchIt provides customers with the fastest lead times in the flexible packaging industry. This strategic move enhances Brook + Whittle's footprint in the Southeast and strategically positions the company deeper in this rapidly growing segment of the packaging industry. "We are thrilled to welcome PouchIt into the Brook + Whittle family. PouchIt's printing and converting capabilities will provide a great springboard to grow our flexible packaging business. This will allow us to provide faster service to our existing customers and expand into new markets," states Mark Pollard, CEO. "Moreover, with PouchIt's flexible packaging expertise, we will be able to spearhead sustainable innovation in this segment."

In the journey towards sustainable development, the concept of a circular economy has gained significant traction. At the heart of this concept is the idea of reducing waste and continually reusing resources. In the paper industry, circularity is transforming how paper, paper-based packaging , and related products are produced, used, and recycled. Let’s look at the circularity of paper products, focusing on packaging, marketing, and consumer goods, highlighting the industry’s strides and challenges. In the journey towards sustainable development, the concept of a circular economy has gained significant traction. At the heart of this concept is the idea of reducing waste and continually reusing resources. In the paper industry, circularity is transforming how paper, paper-based packaging , and related products are produced, used, and recycled. Let’s look at the circularity of paper products, focusing on packaging, marketing, and consumer goods, highlighting the industry’s strides and challenges.

Tony Smurfit, President and CEO, commented: “I am pleased to report an excellent performance for the third quarter, the first for Smurfit Westrock. The Net Loss for the quarter of $150 million was primarily due to transaction related expenses and purchase accounting adjustments totalling approximately $500 million. With Adjusted EBITDA1 of $1,265 million and an Adjusted EBITDA Margin1 of 16.5%, these results are a strong foundation to build upon. “Our established track record of delivering value to our customers through service, quality and innovation is already beginning to yield results. Equally, we believe our focus on plant level autonomy, operational improvement and profitability will deliver in time, benefits at least equal to the stated synergy target of $400 million. “Our third quarter performance, combined with our deeper knowledge of the Combination and continuing asset optimization, clearly points to the opportunities ahead for Smurfit Westrock. We are at the start of our journey to build the ‘go-to’ sustainable packaging partner of choice, a global leader with an unrivalled scale, geographic reach and product portfolio. Having spent the last number of months visiting our plants, it is also clear that our people are excited and motivated to be a part of this journey.